Brooklyn Nets and Boston Celtics Agree to Blockbuster Trade

Adrian Wojnarowski of Yahoo! Sports reports that the Boston Celtics and Brooklyn Nets have agreed to a blockbuster trade that will send Kevin Garnett and Paul Pierce to Brooklyn.

According to an ESPN report, Boston will send Jason Terry along with the two future Hall of Famers to the Nets in exchange for Kris Humphries, Gerald Wallace, Kris Joseph, MarShon Brooks and Keith Bogans in addition to three future first-round picks.

Breakdown

This deal truly came out of nowhere early on Thursday. To put things into some perspective, these are Atlantic Division rivals talking about a trade that could involve eight players, including two future Hall of Famers, and three draft picks.

There is still the issue with Pierce's contract, which doesn't become guaranteed until July 1. If Pierce's $15.3 million comes to fruition, the Celtics' trio is set to make roughly $33 million next season. Coming back to them is a bit of a mystery given the unknown contract of Bogans and the picks. Outside of those two, Wallace, Humphires, Joseph and Evans will only make around $25 million. The deal could still work, but it will require some more fine-tuning by each side.

The two teams will have some time to figure things out, as the deal will be finalized next month, as Ken Berger of CBS sports.

Brooklyn Grade: B+

Obviously this deal improves the Nets right away. Trotting out a starting five of Deron Williams, Joe Johnson, Pierce, Garnett and Brook Lopez is about as scary a lineup as you'll find in the league. They'll also bring in a shooter off the bench in Terry, while unloading Wallace's contract in favor of Pierce's expiring deal. Garnett's deal beyond next season is not guaranteed either.

However, surrendering three first-round picks in exchange for three very old players sacrifices a lot of your future.

Boston Grade: C

On the bright side for Boston, the Celtics continue to horde assets, something Danny Ainge loves to do in case a deal like the 2007 Garnett trade comes around. Those three picks are very intriguing, as is adding Evans' and Humphries' rebounding skills.

However, this doesn't really do much for the Celtics immediately, as they get worse for next season. They are sending off three quality veterans, one who has been a part of the Celtics for his entire career in Pierce.

This will take a few days to really sink in, but it's clearly a sign that Boston is rebuilding.

Jrue Holiday Traded to New Orleans for Nerlens Noel

According to Andy Katz of ESPN.com, the Philadelphia 76ers sent star guard Jrue Holiday to the New Orleans Pelicans for No. 6 pick Nerlens Noel and a 2014 first-round pick.

Per Sam Amick of USA Today, New Orleans will also get Philadelphia's No. 42 pick in the 2013 draft.

We now have information as well on the protection of that 2014 first-round pick. According to ESPN's Marc Stein, the pick is 1-to-5 protected next year.

Breakdown

So, to break this baby down, the Philadelphia 76ers have made a move to acquire Nerlens Noel, as well as New Orleans' 2014 first-rounder (with lottery protection). The Pelicans will take Jrue Holiday, as well as the No. 42 pick in this current draft.

Andrew Bynum may be the odd man out in Philadelphia. With the trade for Noel, it seems doubtful that the 76ers bring him back. However, it gives Philadelphia real hope for the future. Though fans will be sad to see Holiday go, Noel and another first-rounder is quite a haul.

Holiday broke out last season, and he goes to a team that already has Greivis Vasquez manning the point. It will be interesting to see what happens with that dynamic moving forward into the offseason.

Philadelphia Grade: B-

The 76ers had a young, talented backcourt of Evan Turner and Holiday that showed promise last season.

I'm aware that they felt burned by Bynum and wanted to get a quality young big man, but sacrificing that potentially dynamic backcourt seems a tad strange.

The 76ers pick up a valuable piece in Noel, however, and appear to be re-entering a rebuilding period.

New Orleans Grade: B+

The Pelicans seemed to be happy with Vasquez's development. He became much more than a solid starter last season.

Now the Pelicans have doubled up with starting point guards, which is not ideal, but a Holiday-Eric Gordon backcourt tandem is extremely exciting.

It would have been fun to see what Noel could do with Anthony Davis in New Orleans, and he even seemed excited about it during his post-pick interview with Shane Battier. However, Holiday is going to do great things with the Pelicans and they've set themselves up with some intriguing young talent.

Trey Burke on the Move to Utah Jazz from Minnesota Timberwolves

According to Adrian Wojnarowski of Yahoo! Sports, Minnesota Timberwolves draftee Trey Burke is being moved to the Utah Jazz.

Chad Ford of ESPN chipped in some details for us. Per Ford, Burke will go to Utah in exchange for picks No. 14 and 21.

Breakdown

Burke was one of the top point guard prospects throughout last season, and going at No. 9 was no surprise. However, the Timberwolves are fairly stocked at point guard, with Ricky Rubio soaking up most of the available minutes. Both Luke Ridnour and J.J. Barea are under contract next season as well.

The Jazz were staring at losing both Mo Williams and Randy Foye to free agency this summer, so Burke gives them a nice option moving forward.

Picking up the No. 14 and 21 picks is a wise move for the Timberwolves. This will allow them to pick up two depth players. They can try and find some much-needed wing depth with those two picks.

Minnesota Grade: B+

The Timberwolves made a good move to pick up two players in the middle of the first round. At No. 14 they picked up Shabazz Muhammad, who will fill another depth hole on the wing for them.

Everything about this trade makes sense for the Timberwolves.

Utah Grade: B

Burke has some upside, but his ceiling is limited. He'll have a lot of opportunity in Utah though, much more so than he would have had in Minnesota.

The Jazz needed a point guard and they got one of the best ones in the draft.

Dallas Sends No. 16 Pick to Atlanta

According to Adrian Wojnarowski of Yahoo! Sports, the Mavericks have traded back again. They will send recently acquired pick No. 16 (from the Boston Celtics) to the Atlanta Hawks.

Jared Cunningham will join the pick in Atlanta, while the Mavericks get back pick No. 18.

Thanks to Tim MacMahon of ESPN for the clarification on this trade. The Mavericks will send pick No. 44 to the Hawks as well as Cunningham and No. 16.

Breakdown

The Mavericks are continuing to dive deeper toward the back of the first round, simultaneously shaving costs from their upcoming salary. With No. 18, the Mavericks picked Shane Larkin out of Miami.

Meanwhile, the Hawks pick up center Lucas Nogueira out of Brazil at No. 16.

Dallas Grade: B+

Tough to criticize the Mavericks for following their game plan of trading back so their first pick doesn't cost as much.

With their freshly acquired No. 18 pick, the Mavericks got a quality point guard in Larkin. They needed to fill their point guard spot, with Darren Collison possibly leaving this summer.

They also needed to find points from the backcourt. O.J. Mayo will be seeking a big deal in free agency, so Larkin should find some usage there.

Atlanta Grade: B

This late in the first round, the Hawks picked up a player with some upside and serious size. Nogueira is a real 7-footer, who is a little light at 220 pounds. However, with Zaza Pachulia and Johan Petro hitting free agency this summer, center depth is premium in Atlanta.

Boston Celtics Trade for Kelly Olynyk

According to Chad Ford of ESPN, Kelly Olynyk, the 13th pick, will be moved by the Dallas Mavericks to the Boston Celtics.

In exchange, Dallas will pick up the Celtics’ No. 16 pick and two future second-rounders.

Breakdown

The Mavericks did not want to take a pick in the lottery of this draft, as they are looking to keep salary space open to chase the big names on the free-agent market this summer. By exiting the lottery, they won’t have to guarantee as much money to a 2013 draft pick.

The Celtics pick up a guy they were targeting in Olynyk, who may not have lasted until No. 16.

This appears to be a good trade for both teams, but a lot will depend on Olynyk’s potential at the NBA level.

Boston Grade: B

The Celtics do get a true 7-footer, something they have lacked in recent years. He is also a big man who can score. Olynyk averaged 17.8 points per game last season at Gonzaga. He led them to a No. 1 overall seed in the NCAA tournament.

With Kevin Garnett on his way out and Chris Wilcox hitting free agency, the Celtics have very few quality bigs. The 22-year-old Olynyk will get a chance to play right away for Boston.

Dallas Grade: B+

The Mavericks did exactly what they wanted. They would have no space in the starting five for Olynyk if all goes according to plan. The spots are reserved for Dirk Nowitzki, Shawn Marion and an incoming free agent.

Dallas' offseason plan remains to be seen, but you can see something taking place in the future; this is merely groundwork.

Rudy Gobert is a lanky 7'2" center with miles of athleticism. Those miles of athleticism come with miles of potential as well. However, Gobert is still a project at 21 years old and coming out of France.

Denver Grade: C+

The Nuggets don't get much out of this deal, picking up some money to move out of the first round.

They clearly didn't see anyone on the board they felt was worth first-round money, so in that case this move is a success. The Nuggets are going to be up against the cap and will be looking to re-sign Andre Iguodala or another big free agent, so every penny counts.

Utah Grade: B

The Jazz didn't give up much in this deal and get an exciting prospect in return.

Gobert has been rumored to be entering the league for a couple years and was projected much higher not long ago. With a hole opening up in their frontcourt this offseason, Gobert could find a home in Utah.

Oklahoma City Thunder Pick Up Golden State Warriors' No. 26 Pick

According to Sam Amick of the USA Today, Malcolm Lee was sent by Minnesota to Golden State, but ultimately wound up in Phoenix as the Warriors moved back to pick No. 30 in a draft day deal with the Phoenix Suns, according to Tim Kawakami of the Mercury News.

Golden State Warriors Swap Picks with the Phoenix Suns

The Golden State Warriors have taken that No. 29 pick and hopped back a spot, trading with the Phoenix Suns for No. 30. Adrian Wojnarowski of Yahoo! Sports first reported this move.

Thanks to Tim Kawakami of the Mercury News, we know that Lee was a part of the deal sending the No. 29 pick to Phoenix.

Breakdown

The two teams wind up swapping players, so Archie Goodwin goes to the Suns, while Golden State picks up Nemanja Nedovic.

Phoenix Grade: B

The Suns get Goodwin, a solid starter while with Kentucky last season. In 33 games, he averaged 14.1 points and 4.6 rebounds. Goodwin could have used another year in college to develop his outside shot.

In Goodwin, the Suns get an athletic slasher, good for getting points at the rim and getting himself to the line. At this point in the rebuild, any talent is good talent for Phoenix.

Golden State Grade: B

The Warriors pick up a true unknown in Nedovic. While Goodwin is more of a driving guard, it appears Nedovic has more of a perimeter game. He shot 34.3 percent from three-point land in the Euroleague last season.

He also may be more of a playmaker, with some point guard in his game.

Portland Trail Blazers Get Pick No. 31 from Cleveland Cavaliers

The Portland Trail Blazers made a move to pick up pick No. 31 from the Cleveland Cavaliers, according to Jeff Goodman of ESPN.

In exchange, the Cavaliers grab two future second-round picks.

Breakdown

With the 31st pick, Cleveland selected Allen Crabbe for Portland.

Crabbe, a junior out of California, had a big season. The 21-year-old shooting guard posted 18.4 points and 6.1 rebounds per game while leading his team to the third round of the NCAA tournament.

Cleveland Grade: C

Not much to say here for the Cavs. They traded this pick to save up for free agency.

Kudos to them for grabbing up two future second-round picks, but Crabbe could play real minutes next year.

Portland Grade: B+

Crabbe appears to be a promising player for Portland to pick up.

He played a big role in California's successful year and posted big games against some of the tough competition he faced. The Trail Blazers will continue looking for solutions at the shooting guard position next to Damian Lillard, and the 6'6" Crabbe has a decent shot at getting minutes next year.

Kosta Koufos Shipped to Memphis Grizzlies for Darrell Arthur

Benjamin Hochman of The Denver Post is reporting that the Denver Nuggets have dealt Kosta Koufos to the Memphis Grizzlies in exchange for Darrell Arthur.

Breakdown

This is a move simply to save some money for the Nuggets and allow development of their more athletic stars. They are paying big money to JaVale McGee, who will have a true sink-or-swim season.

Koufos is due $3 million next season and a non-guaranteed $3 million the following year. Arthur makes similar money, but will fill more of a backup role. The Nuggets need to see what they really have with McGee, and this deal open more playing time for him.

Denver Grade: B+

This is probably a smart decision for the Nuggets. They had a fantastic season last year, but with a new coach and GM, they have to move forward. This move allows McGee to see increased minutes and a bigger role.

Arthur is a quality backup and still just 25 years old. He spent time under Marc Gasol recently, which can only be a good thing.

Memphis Grade: B+

The Grizzlies upgraded their backup center. There isn't much more to it at this point.

Koufos has a slightly more polished offensive game than Arthur, though that might not be saying much. If he can provide some interior offense off the bench, the Grizzlies will be more than happy with the deal.

The 76ers get real creative and pick up a couple valuable picks in the process.

Dallas picks up a wild unknown in Ledo, who didn't play a collegiate game due to an issue with his high school transcripts. In exchange, the Mavericks gave away a second-round pick for next year, previously acquired from the Brooklyn Nets, via the Boston Celtics.

The Milwaukee Bucks snuck in here and grabbed an intriguing second-round pick in Wolters. Wolters led the South Dakota State Jackrabbits to the NCAA tournament his junior and senior seasons, while averaging north of 20 points per game.

Glen Rice Jr. probably has the least risk of the players in the trade. He winds up with the Wizards, where he will have an opportunity to fight for minutes behind Bradley Beal and other Washington swingmen. Rice averaged 14.5 points and 6.6 rebounds per game for the Rio Grande Valley Vipers of the D-League last season.

Philadelphia Grade: Incomplete

Since we still don't know the full parameters of this deal, it is unknown what the 76ers have gotten in exchange for Ledo.

Dallas Grade: A-

You have to really like this move for the Mavs. They haven't disclosed what they will give up for Ledo, but he has the highest upside of any player drafted this late.

Milwaukee Grade: A-

The Bucks are going to be looking high and low for potential point guards next season. They could be losing Brandon Jennings, Monta Ellis and J.J. Redick in free agency, giving Wolters a good shot to fight for playing time.

Washington Grade: B+

The Wizards come away with a player that owns profesional experience in Glen Rice Jr. That has to be worth something when it comes to training camp and the summer league.

Boston Celtics Buy Colton Iverson from Indiana Pacers

Ron Chenoy-USA TODAY Sports

The Deal

Andy Katz of ESPN is reporting that the Boston Celtics have bought the 53rd pick in the draft from the Indiana Pacers.

The Pacers get cash in return.

Breakdown

The Celtics continue to make a ton of noise on draft day, as they pick up their second 7-footer of the day. Iverson is a bigger body than Kelly Olynyk, whom they traded for in the first round. He weighs in at 263 pounds.

Boston Grade: A-

This doesn't seem like a losable situation for the Celtics. They offer up some cash to the Pacers and grab a big body in the second round. While Iverson surely won't become a star, players of his size are always of value in the NBA.

Iverson has some skill as well, going for 14 points and 9.9 rebounds per game last season with Colorado State.

Indiana Grade: B

The Pacers obviously weren't valuing a second-round pick with size here. They picked up some cash, which will come in handy when trying to re-sign David West and possibly Tyler Hansbrough this offseason.

Raul Neto Traded to Utah Jazz

Geoff Burke-USA TODAY Sports

The Deal

The Atlanta Hawks were busy in the second round of the 2013 NBA draft. According to Chris Vivlamore of The Atlanta Journal-Constitution, the Hawks sent the 47th pick in the draft to the Utah Jazz in exchange for a future second-rounder, which will be a second-round pick in 2015.

Breakdown

With the No. 47 pick, the Hawks selected Raul Neto out of Brazil. He will head to Utah when he gets to the NBA.

A 21-year-old point guard, Neto plays professionally in Spain. He may remain there for another year, but when he does get to the NBA, that professional experience will certainly help.

Atlanta Grade: Incomplete

Until we know more about their future second-round pick, the Hawks can't really be graded.

Utah Grade: B

The Jazz made a move for the future with Neto. Given the stature of Neto overseas and his professional resume, this could pay off down the line.

Miami Heat Pick Up James Ennis from Atlanta Hawks

Jayne Kamin-Oncea-USA TODAY Sports

The Deal

The Miami Heat got into the trading action late in Thursday night's NBA draft. Per Adrian Wojnarowski of Yahoo! Sports, the reigning NBA champions made a deal for the No. 50 pick, belonging to the Atlanta Hawks.

The Heat will have some interesting decisions to make coming up this offseason. By picking up Ennis, a small forward, they may have given themselves a potential filler.

Ennis posted 16 points and 6.5 rebounds per game last season.

Miami Grade: B

Tough to grade difficultly on the Heat at this stage of the draft. In fact, they filled a depth need here.

If they are forced to cut ties with Mike Miller, Shane Battier, Ray Allen, or even James Jones and Rashard Lewis, due to financial constraints, Ennis could help.

He hit 35.8 percent of his threes last season and at 6'7" has prime size for the NBA. He'll be considerably cheaper to have around than one of those veterans, and the Heat need to free up money wherever they can.

Atlanta Hawks: Incomplete

The Hawks grade here in incomplete until we find out more about the trade and their compensation. However, if it is a simple swap of second-rounders in the future, there should be little problem with this trade.

The freshman out of Arizona seems like the perfect case of a player who needed another year of college. Jerrett averaged just 17.8 minutes per game last season, not getting a full opportunity to show off his skill set.

Still, Jerrett is a physical specimen. At 6'10" and with a 7'2" wingspan, moving for him in a trade is no surprise. Still, despite those traits, Jerrett only turned in 3.6 rebounds per game. For an NBA power forward, that won't cut it.

Portland Grade: C+

Perhaps the Trail Blazers realized that Jerrett was a project they didn't want to spend the time developing.

In that case, it was wise to dump him to Oklahoma City for money. The Thunder have a more permanent plan moving forward, while Portland can use that cash toward their continuing rebuild.

Oklahoma City Grade: B-

The Thunder went after a couple guys in the draft who will continue to bolster their front line. They are looking for cheap solutions there, as Kendrick Perkins and Serge Ibaka are being paid handsomely.

They can save some money if Jerrett makes the team. That would allow them to cut ties with dead weight like Hasheem Thabeet.